Plan for jobs – Financial Support Package

The Government’s claims its comprehensive package of financial support is continuing to protect jobs and help businesses and individuals through the COVID-19 outbreak in guidance issued Friday 8th January 2021.

Rishi Sunak:

There’s no denying the next few weeks are going to be difficult. But the end is in sight. That’s why we’ve redoubled our efforts to protect businesses, jobs and incomes.

The government has spent £280 billion this year on its package of economic support ‘to protect people’s jobs and livelihoods’, while supporting businesses and public services across the UK.

UK wide support for jobs

  • They have extended the Coronavirus Job Retention Scheme until the end of April 2021. The government will cover the cost of 80 per cent of the wages of furloughed employees for hours not worked – employers will only be asked to cover NICs and pension contributions.
  • And have extended the Self-Employed Income Support Scheme until April 2021. The government is now providing a third SEISS grant, covering 80 per cent of average trading profits between November and January 2021, capped at £7,500 in total. They will also introduce a fourth grant, to cover February to April.

Support for

  • Business
  • Plan for jobs
  • Low income families
  • Local Authorities
  • Northern Ireland, Scotland and Wales

PAYadvice.UK 8/1/2021

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